The European Automobile Manufacturers' Association (ACEA), the American Automotive Policy Council (AAPC), and the Alliance of Automobile Manufacturers (Alliance) reiterate their strong support for the Transatlantic Trade and Investment Partnership (TTIP)


andshake

Brussels and Washington--March 11, 2014: The European Automobile Manufacturers’ Association (ACEA), the American Automotive Policy Council (AAPC), and the Alliance of Automobile Manufacturers (Alliance) reiterate their strong support for the Transatlantic Trade and Investment Partnership (TTIP), calling for a comprehensive automotive deal as the fourth round of negotiations takes place this week in Brussels. Tomorrow they will be making a joint presentation to the negotiators during the stakeholders' consultation meeting.

The transatlantic auto industry's top priority in this negotiation is to achieve 'regulatory convergence' of existing US and EU auto safety standards, which means that these standards could be recognised as equivalent. In addition, the TTIP should help ensure that EU and US regulatory authorities closely cooperate to avoid future divergence on new regulations. The common goal is to ensure that vehicles and their components could be imported and exported without unnecessary burdens and costs.

AAPC, ACEA and the Alliance are convinced that the full potential of any ambitious agreement can only be reached if such regulatory requirements are included. The three associations have been working together since the announcement of the TTIP negotiations to develop an objective means to demonstrate that the high level of safety performance and outcomes of US and EU vehicles are essentially equivalent.

EU-US auto-related trade currently accounts for some 10% of total trade between the two regions. Together, the EU and the US account for 32% of global auto production and 36% of global auto sales. Under a TTIP, the two regions would represent the largest share of auto production and sales ever covered by a single trade agreement.

-->

Home | Buyers Guides By Make | New Car Buyers Guide | Used Car Super Search | Total New Car Costs | Car Reviews Truck Reviews
Automotive News | TACH-TV | Media Library | Discount Auto Parts

Copyright © 1996-2014 The Auto Channel. Contact Information, Credits, and Terms of Use. These following titles and media identification are Trademarks owned by The Auto Channel, LLC and have been in continuous use since 1987 : The Auto Channel, Auto Channel and TACH all have been in continuous use world wide since 1987, in Print, TV, Radio, Home Video, Newsletters, On-line, and other interactive media; all rights are reserved and infringement will be acted upon with force.

Privacy Statement | Size Does Matter | Media Kit | XML SITE MAP | Affiliates

Send your questions, comments, and suggestions to Editor-in-Chief@theautochannel.com.

Submit Company releases or Product News stories to submit@theautochannel.com.
Place copy in body of email, NO attachments please.

To report errors and other problems with this page, please use this form.

Link to this page: http://www.theautochannel.com/